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1 Law:: equity : Justice administered according to fairness as contrasted with the strictly formulated rules of common law. It is abased on a sustem of rules and principles which originated in England as an alternative to the harsh rules of common law and which were based on what was fair in a particular situation. One sought relief under this system in courts of equity rather than in courts of law. The term “equity” denotes the spirit and habit of fairness, justness, and right dealing which would regulate the intercourse of men with men. Equity is a body of jurisprudence, or field of jurisdiction, differing in its origin, theory, and methods from the common law; though procedurally, in the federal courts and most state courts, equitable and legal rights and remedies are administered in the same court. Equity is also a system of jurisprudence collateral to, and in some respects independent of, “law”; the object of which is to render the administration of justice more complete, by affording relief where the courts of law are incompetent too give it, or give it effect, or by exercising certain branches of jurisdiction independently of them. For further information see that title is HCB’s Law Dictionary from which the above is an excerpt.

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